Centennial Medical Group Inc
- Assets
- $21.1m
- Revenue
- $58.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseburg, OR
- Founding
- 10/2011
- Data as of
- 06/2023
- EIN
- 26-3946191
Organization Overview
Centennial Medical Group Inc is located in Roseburg, OR. The organization was established in 2011. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Medical Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Centennial Medical Group Inc generated $58.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $68.1m during the year ending 06/2023. While expenses have increased by 10.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CENTENNIAL MEDICAL GROUP PROVIDES HOSPITAL-BASED PHYSICIAN SERVICES, AS WELL AS SPECIALTY PHYSICIAN SERVICES IN A CLINIC SETTING TO PATIENTS IN THE ROSEBURG COMMUNITY ON A CHARITABLE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mcglade Radiologist | 50 | $761,291 | |
Kelly Morgan Board Member/ceo Mmc (through 5/5/23) | Trustee | 2 | $0 |
Gary Bronstein Cardiologist | 50 | $621,508 | |
Courtney Virgilio Cardiologist | 50 | $606,456 | |
Amardeep Mann Cardiologist | 50 | $613,891 | |
Susan Williams Orthopedist | 50 | $624,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evergreen Family Medicine Pc Medical Services | 6/29/23 | $28,554,953 |
Renasolve Inc Medical Services | 6/29/23 | $502,827 |
Donald E Wonderly Medical Services | 6/29/23 | $284,479 |
Vista Staffing Solutions Healthcare Staffing Services | 6/29/23 | $194,414 |
James Yun Md Pc Medical Services | 6/29/23 | $131,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $934,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,774 |
| Total Program Service Revenue | $55,973,288 |
| Investment income | $1,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,590,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,021 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,656 |
| Compensation of current officers, directors, key employees. | $453,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,536,211 |
| Pension plan accruals and contributions | $668,670 |
| Other employee benefits | $5,588,404 |
| Payroll taxes | $2,430,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,937,044 |
| Advertising and promotion | $182,245 |
| Office expenses | $1,534,832 |
| Information technology | $547,997 |
| Royalties | $0 |
| Occupancy | $3,409,908 |
| Travel | $167,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,252 |
| Interest | $0 |
| Payments to affiliates | $1,106,576 |
| Depreciation, depletion, and amortization | $453,445 |
| Insurance | $398,481 |
| All other expenses | $141,281 |
| Total functional expenses | $68,117,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,529 |
| Savings and temporary cash investments | $639,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,266,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $203,615 |
| Net Land, buildings, and equipment | $2,937,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,065,605 |
| Total assets | $21,114,251 |
| Accounts payable and accrued expenses | $2,115,863 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,211,569 |
| Total liabilities | $147,327,432 |
| Net assets without donor restrictions | -$126,213,181 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,114,251 |